Saw that huge amount swing past the charts with a load of other orders. Compared to IE, Chrome just rolls all orders at breakneck speed when the API catches up so just saw something at 900++ then it was off my screen. Oh well, they lost some good profit there and we're already back up.

Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits

Someone just sold 6000 coins and could not even be bothered to drip-feed them out at 100 a time. So got about $2.50 less each, wasting $15k. Crazy.

Maybe someone selling $600,000 worth of BTC doesn't care enough for $15k to risk drip-feeding them. How long would it take? What are the chances someone else sells and drops the price? What if people catch on and start selling as well.

Someone just sold 6000 coins and could not even be bothered to drip-feed them out at 100 a time. So got about $2.50 less each, wasting $15k. Crazy.

Maybe someone selling $600,000 worth of BTC doesn't care enough for $15k to risk drip-feeding them. How long would it take? What are the chances someone else sells and drops the price? What if people catch on and start selling as well.

Someone just sold 6000 coins and could not even be bothered to drip-feed them out at 100 a time. So got about $2.50 less each, wasting $15k. Crazy.

Maybe someone selling $600,000 worth of BTC doesn't care enough for $15k to risk drip-feeding them. How long would it take? What are the chances someone else sells and drops the price? What if people catch on and start selling as well.

Then of course there is the option that they WANT the price to crash.

It has to depend on their capability to crash the market, we can't just assume someone with 300K BTC holding will magically appear and crash the market, there are only less than 10M BTC in circulation, and we have seen quite a few 100K size dumps which did not crash the market. I doubt there maybe only a few out there holding more than 100K, and hardly anyone holding more than 200K.

If you think about it, that's the ingenuity of this system: sans any systematic failure, or new competing monetary system with groundbreaking advantages, any large-scale selling just reduces the probability of a future market crash, as the bitcoins will distribute into more hands more evenly, and this system, unlike a corporation stock, potentially has no single point of failure.

It has to depend on their capability to crash the market, we can't just assume someone with 300K BTC holding will magically appear and crash the market, there are only less than 10M BTC in circulation, and we have seen quite a few 100K size dumps which did not crash the market. I doubt there maybe only a few out there holding more than 100K, and hardly anyone holding more than 200K.

If you think about it, that's the ingenuity of this system: sans any systematic failure, or new competitor with groundbreaking advantages, any large-scale selling just reduces the probability of a future market crash, as the bitcoins will distribute into more hands more evenly, and this system, unlike a corporation stock, potentially has no single point of failure.

+1 (As usual).

It is so nice to wake up seeing wisdom being talked in the forum...

What do you think, price tested $100 twice, anyone believes it will crash...?

...if you do, I can write puts for $100 for a hefty premium and escrow and all that stuff yeah, but lol, you can secure your gains without needing to sell if you don't want to. Any takers??

Buy side not on the increase, The buying on Mondays does not come from the order book growing fatter by the day. I think it's mainly precautionary buying from the web exchangers getting some coins to sell later in the week.

The tickle in of verified US accounts does not make any bulges on the buy side, but any newb waiting days to get verified having watched the price go up by the day just buy when he gets the chance. From Europe The first real bank day after the 25'th is today, so it might be two more days before we see any Cyprus "effect".

Euro recovering after the dip on the 25'th, that can explain the 6K rash sell off this morning. Movements on Gox are increasingly inversely linked to movements of the Euro and thats another sign that European attention on Bitcoin is increasing.

Euro recovering after the dip on the 25'th, that can explain the 6K rash sell off this morning. Movements on Gox are increasingly inversely linked to movements of the Euro and thats another sign that European attention on Bitcoin is increasing.

That would be interesting, but personally I think its the same old bear that dumps everytime we get back near the ATH again (when the new funds to mtgox havent arrived yet).